The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Pointe at Irving Park, a 198-unit apartment community located in Greensboro, NC. This asset is in an extremely desirable and rapidly growing pocket of the Greensboro market, where affluent demographics, rising home values, and proximity to the area’s best employment centers contribute to this submarket’s appeal. Last year, area asking rents grew an astonishing 20.4% and are not expected to slow in the near term. Household income in a half-mile radius averaged $118K and home values averaged $313K, illustrating the strong economy and solid renter base that characterizes this area. The surrounding thoroughfares Pisgah Church Rd, North Elm Rd, and Cone Blvd allow residents of The Point at Irving Park to easily access the plethora of nearby retail options. Furthermore, the I-840 Urban loop is located just 1 mile away from the property and provides connectivity to the Triad region’s largest employers. Toyota, Publix, Cone Health, Amazon, and Guerrilla RF INC have made plans to expand to the area, fueling the recent economic expansion the Triad is currently experiencing. Built in 1987, The Pointe at Irving Park offers an outstanding opportunity to acquire an institutionally owned asset and inherit a proven, multifaceted value-add program to achieve a 38% ROI.
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